Greece’s tourism industry is having an even worse summer than the last one

- May 22, 2012 10:23 am

Skift Take

While hotels are dropping their prices, what good is a bargain when visitors are worried about strikes, riots, and a change in currency mid-vacation?

— Skift

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Europeans are avoiding vacations to Greece this summer fearing instability sparked by the debt crisis, industry sources say, inflicting a hard blow to the country’s already devastated economy.“From the aftermath of the elections on May 6, we have experienced a 50-percent drop in bookings,” said George Drakopoulos, director general of the association of Greek tourism enterprises.